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Vouching of Bank Guarantee Commission

Nikita Kulkarni (STUDENT) (262 Points)

17 September 2018

What is Bank Guarantee Commission and how to do vouching of the same? if received by a private limited company

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(Guest)

Please refer this link for inforation

https://www.icaiknowledgegateway.org/littledms/folder1/chapter-5-vouching

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Nikita Kulkarni (STUDENT) (262 Points)
Replied 17 September 2018

sorry but required info not found in this link :(

(Guest)

Bank guarantees given by the entity can be verified as follows, 1) Authorisation for the bank guarantees entered by the entity. This can be verified through copies maintained by the entity. 2) We can request for bank confirmation containing the details of bank guarantees entered by the entity with that particular bank. 3) For the gurantees entered for the benefit of its subsidiaries / associates, we can verify the details of the same with statutory register maintained under section 372A of Companies Act,1956

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